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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: t2 who wrote (11716)	7/23/2000 9:53:25 AM
From: Bill Holtzman	Respond to of 24042

>>I think NT went up a little on Thursday after LU's problems but yesterday I did notice a pattern with GLW and NT.<< Do you remember what happened when LU warned in January? The immediate reaction was to dump all fiber stocks. JDSU dropped from 150's to 140's in after hours. I intended to load up on calls the next day but other buyers had the same idea and it opened at 152. LU's problems are paving the way for gains for other fiber stocks.

To: t2 who wrote (11716)	7/24/2000 5:55:12 AM
From: Bill Holtzman	Read Replies (1) \| Respond to of 24042

News on NT - possibly selling optics unit to Corning! biz.yahoo.com NEW YORK, July 24 (Reuters) - Network equipment companies Nortel Networks (NYSE:NT - news) and Corning Inc. (NYSE:GLW - news) are in talks about a deal worth more than $100 billion that would involve Nortel selling its optical-parts unit to Corning, the Wall Street Journal reported Monday. In its electronic edition, the Journal said a deal is not imminent and the talks could break down. The deal would be primarily a stock swap and could result in Nortel owning more than 50 percent of Corning, while Corning would own the optical parts unit and maintain its independence, the Journal said, citing unnamed sources. A spokesman for Corning declined comment and Canada's Nortel said it does not comment on speculation, the newspaper said. Nortel's optical-components business has revenue of about $1 billion by some estimates, the Journal reported. The $100 billion price tag may be partly based on the unit's rapid growth, the newspaper added. Nortel's U.S.-traded shares closed Friday at 80-13/16, just below a year high of 81-5/16 and up from a low of 19-7/8. Corning shares ended at 283-3/4, off a high of 286 but up from a low of 60-5/16.